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Finance

An investment in knowledge is the most valuable asset in business. TU’s finance program blends accounting, economics and management to prepare you for a future in banking, manufacturing or retail as a finance, treasury or risk analyst. With a background varying in applications and theory, our on-campus students have the opportunity to use what they learn with groups like the Business Club, Delta Mu Delta, Student Government and Circle K International.

What You Can Expect From Your Finance Major

Finance is an integral part of decision-making in any kind of business. The Tiffin University curriculum strikes a balance between applications and theory. Your program of study blends accounting, economics, finance and management and provides you with the ability to:

Understand the planning and operations of the firm.

Master communication skills.

Apply foundations courses to financial decision-making.

Develop prediction, planning and forecasting techniques.

Develop decision-making skills, which enable organizations to compete effectively in world markets.

Program Accredited by Accreditation Council for Business Schools and Programs (ACBSP)

Tiffin University’s School of Business is accredited by the Accreditation Council for Business Schools and Programs (ACBSP). The ACBSP is a leading specialized accreditation body for business education supporting, celebrating and rewarding teaching excellence. They accredit business education programs at the associate, baccalaureate, masters and doctorate degree levels worldwide. Institutions with this accreditation are committed to continuous improvement that ensures their business program will give students the skills employers want. Every quality business program worldwide is accredited.

Student Opportunities In Business & Related Fields

Below are just a few examples of the variety of opportunities you’ll have as a TU student to make connections outside of the classroom. These clubs and organizations will provide you with real advantages and resources.

Business Club – provides opportunities for students to gain a valuable understanding of the business world. Club activities include bringing in speakers to address the issues of graduate school opportunities, career concerns, etiquette forums that focus on acceptable forms of behavior for the workplace and providing opportunities for valuable experience.

Circle K International (CKI) – a collegiate service organization with a worldwide membership that promotes fellowship, leadership and service.

Delta Mu Delta – a national honor society in business.

Student Government – TU’s Student Government is primarily involved in organizing the campus programming, social activities and serving as the voice and advocate for students concerning campus matters.

Core Curriculum of the School of Business 18 hoursFinance Major 30 hours

ACC210 Analysis of the Accounting Process

ACC301 Intermediate Accounting I

LAW212 Business Law II

ECO322 Intermediate Microeconomics

ECO420 Money and Banking

ECO422 Managerial Economics

FIN314 Risk Management and Insurance

FIN421 Investments

FIN426 International Finance

FIN470 Internship

Total BBA hours 121

This is a sample course sequence to illustrate course offerings for this major. Consult the official Academic Bulletin for detailed registration and advising information.

On Campus - Offered in a 15-week semester format with a start date of January and August

There are no related concentrations available

Risk Management and Insurance (FIN314) - Study of the content and application of uncertainty, risk, and the management of risk (selecting among “reduction, assumption, or transfer” techniques). The application of risk management to individuals, businesses and the public, focusing on insurance and its remedies for risk

Investments (FIN421) - The study of the institutions, instruments, markets and theories of valuation and investment. Students shall be exposed to the valuation of debt (bonds) and equity (stock) instruments, including derivatives. Other topics shall include the Capital Asset Pricing Model (CAPM), the Capital Management Line (CML), the Security Market Line (SML), the Efficient Market Hypothesis (EMH) portfolio theory and international diversification. This is a writing intensive course.

International Finance (FIN426) - The study of the institutions, concepts, and instruments of international finance. Current and past international monetary systems shall be discussed. Special attention shall be directed to consideration of accounting, finance and taxation differences global companies (multinational companies – MNCs) experience in the domestic and foreign economies. Other topics shall include the determination of exchange rates and their macroeconomic linkages, the effect of exchange rates on current and capital account balances and the techniques global companies can engage in to hedge exchange rate risk.

Internship (FIN470) - Provides the student actual experience in applying the concepts, principles, and rules of finance in real-world circumstances. Hours and work assignments are arranged with the business or organizational sponsor on an individual basis.

Faculty

Mucahit Kochan, Ph.D.

Assistant Professor of Finance

School of Business

Degrees & Certificates

B.S., Marmara University at Istanbul

M.S., University of Texas at Dallas

Ph.D., University of North Texas

Mucahit Kochan, Ph.D.

Before joining TU, Dr. Kochan studied and worked as a teaching fellow at the University of North Texas where he earned his doctorate. Before the Ph.D. program, he worked in financial services and real estate industries. His research interests are in the area of empirical corporate finance and investments. He is a member of the American Finance Association (AFA) and Financial Management Association (FMA).

Academic Papers:

“Bank Dividend-cuts and the Stock Market Reaction around the Great Recession” (with Mujtaba Zia), Journal of Finance Issues, Forthcoming, in the press.

Vinnie Gajjala, Ph.D.

Professor of Economics & Finance

School of Business

Degrees & Certificates

Ph.D., Economics, University of Pittsburgh

M.A., University of Pittsburgh

M.A., Jawaharlal Nehru University

B.A., Madras Christian College

Vinnie Gajjala, Ph.D.

Prior to joining our faculty in 2002, Dr. Gajjala taught courses in Information Systems and Business Economics at the University of Toledo’s College of Business Administration and worked as a Financial Engineer for an energy services company in Pittsburgh, PA.

His research interests include globalization and its implications for entrepreneurship and corporate strategy in transition and emerging market economies; Privatization in transition economies; and Business in emerging economies. His paper on the role of Information and Communication Technologies in enhancing processes of Entrepreneurship and Globalization in Indian Software Companies has been published in the Electronic Journal of Information Systems in Developing Countries and the IFCAI Journal of Entrepreneurship Development. He has also made several presentations at national and international conferences, including the Midwest Economics Association; Oxford Round Table, University of Oxford, Oxford, UK; the Association of Internet Researchers (AoIR) Conferences in Toronto and Maastricht {the Netherlands); and the International Conference on Entrepreneurship and Management at the University of Hyderabad, India.

He has been a featured speaker on the Great Decisions Lecture Series, organized by the American Association of University Women at the Wood County Senior Center and the open forum sponsored by the international affairs committee of the League of Women Voters, Bowling Green, OH. He teaches graduate and undergraduate courses in International Trade, International Finance, Business Statistics, Managerial Economics, Managerial Finance, Microeconomics and Microeconomics.

Research Interest

International Financial Management by Multinational Corporations.

International Financial markets.

International Trade disputes.

Globalization and its implications for transnational entrepreneurship.

Microfinance and Development.

Role of Privatization in transition and emerging market economies.

Role of Information and Communication Technologies in supporting economic growth in emerging market economies.

Shane Parendo, Ph.D.

Assistant Professor of Economics

School of Business

Degrees & Certificates

Ph.D., University of California, Santa Barbara

M.A., University of California, Santa Barbara

B.S., University of Minnesota, Twin Cities M.S., University of California, Santa Barbara

Shane Parendo, Ph.D.

After completing a Master's degree in Physics at the University of California, Santa Barbara, Professor Parendo found his interests lied more in the area of Economics, one of his two minors as an undergraduate. At UCSB, he taught several finance classes as a graduate student while pursuing research in several fields, including Microeconomic Theory, Mathematical Economics and Game Theory.

Prior to joining Tiffn University full time in 2011, Shane was an instructor for both the University of Cincinnati and Oregon State University where he taught Introductory Macroeconomics, Introductory and Intermediate Microeconomics and a graduate class in Industrial Organization. He is a member of the American Economic Association and the Econometric Society.

Terry D. Sullivan, J.D.

Vice Provost, Dean, School of Business

Associate Professor of Business Law & Finance

School of Business

Degrees & Certificates

J.D., Ohio Northern University

M.B.A., Bowling Green State University

B.S.B.A., Bowling Green State University

Terry D. Sullivan, J.D.

Dr. Sullivan began his career with Tiffin University in January of 1991 as Director of the Lima Program. In May of 2000, Dr. Sullivan earned his J.D. from Ohio Northern University, at which time, he joined the full-time faculty teaching in the areas of Law and Finance. In addition, during his 16 years with Tiffin University, Dr. Sullivan has also taught undergraduate courses in the areas of economics, management and marketing.

He has served as the Chair of the Accounting, Economics, Finance and Law Department, as well as on the Athletic and the Curriculum Committees at the University. For five seasons, he was the Head Men’s Tennis Coach. Dr. Sullivan currently serves as the faculty advisor to the University’s Investment Club.

Prior to arriving at Tiffin University, Dr. Sullivan worked for Whirlpool Corporation. In addition, he worked as a Mutual Fund and Insurance Representative selling Long-Term Care Insurance, and advising individuals on their mutual funds, IRA’s, Keoghs, 401(K) plans, 403(B) plans as well as annuities.

His favorite past time is spending time with his wife and two children.

Testimonials

"TU wasn’t just the place I went to get my degree. It was the place I grew up and I am forever thankful for my Dragon family. It’s always a great day to be a Dragon.”

– Allison Marie Staunton, Class of 2016

"Tiffin is a small and very safe town. It is closely located to three international airports. People who live in this town are very friendly and open-minded to other cultures. As an international student, Tiffin University has been a good decision for me.”

- Omar Alfehri, Saudi Arabia

"Tiffin University is the college that has helped me grow into the person that I am today. While at Tiffin, I have made unforgettable memories and friends. I continued my education at The University of Toledo College of Law. Although I am moving on, I will never forget everything I have gained from my time at Tiffin University."

– Jessica Paule, Class of 2015

I knew Tiffin University was the place for me the second I stepped foot on campus. I toured a handful of other universities offering similar programs, but TU was the only school that truly made me feel at home.

-Caleb Reynolds '15

“There is always gonna be a little doubt in any person's mind when it comes to new things. But for me, I think proving people, who said I couldn't do it, wrong is my biggest motivation. There's really nothing that seems impossible to me anymore, the world is constantly changing and I feel like I am much more capable of adapting to those changes now compared to when I was walking on to TU's campus for the first time.”